
SpaceX IPO Total Rises to $85.7 Billion as Underwriters Exercise Option
The record-breaking initial public offering grew after underwriters purchased an additional 83.3 million shares to meet investor demand.
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The record-breaking initial public offering grew after underwriters purchased an additional 83.3 million shares to meet investor demand.

The aerospace company's record-breaking public listing has propelled founder Elon Musk into uncharted financial territory as the first person to reach a trillion-dollar net worth.

The ChatGPT creator has submitted a draft registration statement to the SEC, following a similar move by rival Anthropic.

The company raised $1.68 billion in an upsized offering, with shares debuting 13% above the initial public offering price.

The rocket company is preparing for what is expected to be the largest initial public offering in history, with a roadshow slated to begin June 4.

The creator of the Claude chatbot has filed confidential paperwork with the SEC to go public this year, beating rival OpenAI to the filing stage.

The rocket and satellite company's S-1 filing includes 36 pages of risk factors and a valuation target that could make it one of the largest IPOs in U.S. history.